WCT

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Renjith.R.s.

Renjith.R.s. (Querist)
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05 February 2011 Can Anybody can explain the concept of WCT under composite scheme and Regular VAT

Rgds........

B R Ramesh

B R Ramesh (Expert)
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05 February 2011 Hi

WCT means where the labour& material is involved in the business entity.

for ex constuction, erraction, installation,trenching work etc.

the WCT charged at 4% on the total value

& the service tax will be calculated on the total value @ 4.12%.

Renjith.R.s.

Renjith.R.s. (Querist)
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05 February 2011 Tax charged on full value of sale or any other dedn.permissible.

Kindly explain Sales tax under WCT calculation under

1.Regular VAT
2.Composite VAT

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B R Ramesh

B R Ramesh (Expert)
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05 February 2011 Hi

regular vat is 12.5% ( where you can avail the
input credit).

in composition it is 4%( where you cant avail the input credit)